![[LIVE] Crypto Update Today, October 21 – What’s Causing the Crypto Decline? Bears Predict BTC Price at $97K, However, Bitcoin Currently Stays at $108K Before US Federal Reserve Meeting – Which Crypto Is the Best to Purchase?](https://99bitcoins.com/wp-content/uploads/crypto-icons/ethereum.svg "[LIVE] Crypto Update Today, October 21 – What’s Causing the Crypto Decline? Bears Predict BTC Price at $97K, However, Bitcoin Currently Stays at $108K Before US Federal Reserve Meeting – Which Crypto Is the Best to Purchase?"){kind=icon}
[LIVE] Crypto Update Today, October 21 – What’s Causing the Crypto Decline? Bears Predict BTC Price at $97K, However, Bitcoin Currently Stays at $108K Before US Federal Reserve Meeting – Which Crypto Is the Best to Purchase?
The crypto asset crypto market is once more experiencing significant market fluctuation, causing traders to feel uneasy as more than $321.76 million in leveraged bets were liquidated within the last 24 hours — with $247.43 million in long positions and $74.33 million in shorts. This renewed wave of selling has ignited discussions regarding where the lowest point may occur and which projects may become the top cryptocurrencies to consider purchasing amidst this downturn.
The U.S. Federal Reserve is poised to make important choices regarding digital currencies during its Payments Innovation Conference today, October 21. This event will address how distributed ledger and cryptocurrency can enhance payment methods, efficiency, and safety.
Governor Christopher J. Waller will be at the forefront of discussions regarding digital finance integration, accompanied by representatives from firms such as BlackRock and Chainlink. Topics of conversation will encompass stablecoins, tokenization, and cross-border digital transactions.
$107k level on a daily chart is a crucial threshold if we want to avoid dropping to $90k. It could take several weeks for this to clarify.
Just stay bullish even if we dip to $90k lol.$BTC pic.twitter.com/9x3s2mX50C
— VikingXBT (@VikingXBT) October 21, 2025
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BTC Price Maintains $108K As Bears Target $97K
BTC
1.44%
Bitcoin
Bitcoin
Price
$108,211.27
1.44% /24h
Volume in 24h
$57.24B
Price 7d
dropped to approximately $107,000, while
Ethereum
0.29%
Ethereum
ETH
Price
$3,887.78
0.29% /24h
Volume in 24h
$31.30B
Price 7d
fell below $3,900. The decrease is in response to a sudden spike in U.S. real yields and a more robust dollar, exacerbated by President Donald Trump’s recent update of a 100% tariff on technology imports from China. This shift unsettled global markets and instigated widespread deleveraging throughout the crypto asset sector.
More than $19 billion in leveraged positions were liquidated last week — marking the largest single-day occurrence in the history of digital currency. Analysts regard this period as a critical correction following Bitcoin’s surge above $126,000 earlier this October. Institutional selling from BTC and ETH ETFs has further contributed to the stress, leading to considerable outflows and market fluidity issues.
The CoinMarketCap Fear & Greed Index has dramatically fallen to 33, indicating severe fear, while negative funding rates reveal traders are wagering on continued declines. Yet, some analysts anticipate a rebound if ETF inflows start again and the Federal Reserve implements its expected rate cut later this month.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Elon Musk Revives FLOKI – Next Top Crypto asset to Consider?
As major assets falter, FLOKI has quickly gained attention. Elon Musk shared an AI-generated Grok video with the caption “Flōki is back on the job as X CEO!” — instantly reigniting the momentum for the meme coin. FLOKI’s crypto market capitalization surged from $660 million to over $800 million, as traders identified a double bottom pattern and uptrend divergence on the daily RSI.
The community believes FLOKI may have bottomed out after weeks of sideways movement. Regardless of whether Musk continues his playful gestures, FLOKI’s renewed excitement positions it as one of the top cryptocurrencies to monitor for a short-term rebound in this turbulent crypto market.
SpaceX Moves $268 Million in BTC After Three-Month Pause
According to @ai_9684xtpa, SpaceX has conducted a transfer of $268 million in Bitcoin, marking its first significant movement in three months. Approximately 1,187 BTC were sent to a bc1qq address and another 1,208 BTC to a bc1qj7 address, both of which remain inactive.
The previous transfer in July was linked to Coinbase Prime Custody, implying that this latest transaction may reflect an internal crypto wallet adjustment rather than a sale or market-driven decision.
The post [LIVE] Crypto Announcement Today, October 21 – Why Is Crypto Crashing? Bears Call Bitcoin Price To $97K, But For Now BTC Holds $108K Ahead Of US Federal Reserve Meeting – Best Crypto To Buy? appeared first on 99Bitcoins.
